UDR (NYSE:UDR) Price Target Raised to $50.00 at JPMorgan Chase & Co.

UDR (NYSE:UDR) had its target price boosted by JPMorgan Chase & Co. from $43.00 to $50.00 in a research report released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on UDR. BNP Paribas assumed coverage on shares of UDR in a report on Wednesday, September 11th. They issued an outperform rating and a $49.00 price objective on the stock. Truist Financial boosted their price target on shares of UDR from $44.00 to $47.00 and gave the company a buy rating in a research note on Monday, August 26th. Scotiabank increased their price objective on shares of UDR from $43.00 to $45.00 and gave the stock a sector perform rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their target price on UDR from $40.00 to $44.00 and gave the company a hold rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company raised their price target on UDR from $41.00 to $48.00 and gave the stock an overweight rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, UDR has an average rating of Hold and a consensus target price of $44.28.

UDR Stock Performance

UDR stock opened at $46.98 on Monday. The firm has a 50 day simple moving average of $42.50 and a 200-day simple moving average of $39.84. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 10.21 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.82 and a quick ratio of 5.82. UDR has a 1-year low of $30.95 and a 1-year high of $47.55.

UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.53). The business had revenue of $415.30 million during the quarter, compared to analysts’ expectations of $413.75 million. UDR had a return on equity of 3.70% and a net margin of 8.34%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, analysts expect that UDR will post 2.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of UDR during the 4th quarter worth about $26,000. Fidelis Capital Partners LLC acquired a new position in UDR in the first quarter valued at approximately $26,000. Family Firm Inc. acquired a new position in UDR in the second quarter valued at approximately $26,000. Quest Partners LLC purchased a new position in UDR in the fourth quarter valued at approximately $27,000. Finally, UMB Bank n.a. acquired a new stake in UDR during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

About UDR

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.